Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesBotsEarnCopy
Nirvana Finance hacker pleads guilty, agrees to compensate victims

Nirvana Finance hacker pleads guilty, agrees to compensate victims

CointimeCointime2023/12/14 20:41
By:Cointime

The Southern District of New York's prosecutor's office announced on Thursday that Shakeeb Ahmed, a 34-year-old senior security engineer, admitted to attacking the Nirvana Finance protocol and another unnamed decentralized cryptocurrency exchange. Shakeeb Ahmed agreed to surrender the $12.3 million he gained from the two hacks and will compensate the victims a total of $5 million.

Ahmed was charged with telecommunications fraud and money laundering in July. According to the indictment, he exploited a vulnerability in the smart contract of an unnamed Solana exchange that matched the description of Crema Finance. Ahmed faces a maximum of five years in prison. He is scheduled to be sentenced on March 13, 2024.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

Writers protest in London against Meta over AI trained using copyrighted work

Share link:In this post: Artists and writers protested against Meta at its London office for copyright infringement. The writers are angry at the social media firm for using their work to train its AI models without their permission. Meta however defended its position arguing it “respects third party intellectual property.”

Cryptopolitan2025/04/04 03:11